Allstate Shuns Bond Market Food Fight

Insurer shifts its portfolio from longer-term bonds to hotels and toll roads.

By Noah Buhayar|December 04, 2012 at 06:35 AM

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Allstate Corp. Chief Executive Officer Thomas Wilson is cutting longer-term bonds from the insurer’s $77.7 billion fixed-income portfolio as he seeks to invest in hotels and toll roads with yields near record lows.